# PPP loan: URBAN PREP ACADEMIES
> **$1.56M** approved 04/30/2020 · Paid in Full · Loan `7560217303`
## Borrower
- **Name:** URBAN PREP ACADEMIES
- **Address:** 420 N WABASH AVE STE 500, CHICAGO, IL, 60611
- **NAICS:** 611691
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.56M
- **Initial approval:** $1.56M
- **Forgiven:** $1.58M (101%)
- **Forgiveness date:** 10/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.33M
- **Rent:** $205K
- **Health care:** $20K
- **Jobs reported:** 102
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*